Chen, Zhian; Du, Jinmin; Li, Donghui; Ouyang, Rui - In: Journal of Banking & Finance 37 (2013) 2, pp. 660-669
This paper investigates the impact of foreign institutional ownership on firm-level stock return volatility in China, based on our study of a sample of 1458 firms between 1998 and 2008. The empirical results show that share ownership by foreign institutions (both financial and non-financial)...